Monster Peace Dollar (Guess Final Sale Price)

Monster Key Date Peace Dollar

Guess the final sale price?

I will go with $1,000

(I'm not bidding fyi)

 

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It's a nice enough looking 1928, but calling it a Monster is rather over the top. It's in an MS64 holder, and IMO it looks low end for the grade.

 

Depends upon how many bidiots there are in that group currently bidding. Current Coin World has it priced at $1,200.00. I'm not good at guessing though, or at the lottery.

 

$1105.32

 

These are not common, let alone in Mint State.

 

$850

 

$925

 

I wouldn't go over $900 for it. They're not that hard to find; there were six MS64's at this month's Heritage FUN auction alone.

 

I'd pass on it personally. Also comparing NGC's photos to the Ebay listings photos it looks like it's been toning in the holder.

 

I'm not so sure it's been toning in the holder. Check the color of the plastic in the seller photos vs NGC photos. I think the white balance is off.

 

Monster key date? Sounds like a seller setting himself up for disappointment when the hammer falls. It won't get four figures in my guesstimation.

 

I agree. If that was a '22, nobody would look at it twice. It is in no way a "monster."

 

Since enough other people have already touched on how this is in no way a Monster, I won't beat that dead horse.

With regards to your statement. There are over FIVE THOUSAND MS 1928 in NGC alone, of which over 1,100 are MS64 or higher. In PCGS there are WELL over SEVEN THOUSAND 1928 in MS, of which well over 2,400 are MS64 or higher.

It has taken me decades to learn numismatic lingo. Here is a commonly accepted numismatic rarity scale:

https://coins.thefuntimesguide.com/rare_us_coins/

You'll note that R-1 is by definition a common coin, and the definition of R-1 is 1,251+ coins in existence. So, by definition, the 1928, even in MS64, let alone in Mint State, is a common coin.

 

Okay from a numbers standpoint it isn't ultra rare or anything, but considering the popularity of the series and that this is the biggest key date, I would say it's as sought after as some coins of much lower population. Again when you consider supply vs demand.

Also, of the numbers you cite in TPG population reports, how many of those are probably resubmissions or crossovers?? Then you also have to consider how many have a clean white look like the subject coin? I've seen plenty of MS64's and higher that look like doodoo because they are all toned up.

Not saying this is a coin worth rolling on the ground screaming "OMG!", but it's not as meh as it's being made out by you and a couple others here. The truth is probably somewhere in between us.

 

1934-s?

 

You could make a case for uncirculated examples this is the biggest key date, but I would say 1928 is tops among all grades.

EDIT: Okay looks like I might have made a mistake on 1934-S. I had on my spreadsheet survival estimate of 60,000 in all grades, but that seems to be Philadelphia coins. PCGS has survival estimate of 35,000 for '34-S vs 1928-P's 40,000. So who knows really, it's close in all grades.

EDIT 2: Price guides have 1928-P at higher values for lower grades but 1934-S is more valuable in high grades.

 

It kind of changes by grade. 1928 is the main key date because it holds the lowest mintage. Once you get up to ms-64 and higher the San Fran minted coins take over because they were notorious for weak strikes and ignored by collectors for most of their early lives (much like modern non-pms).

 

Endeavor, given that you've been forced to backtrack several times on your comments in this thread, I might suggest that you tone down your superlatives, and learn common nomenclature. For example, you cited resubmissions and crossovers inflating numbers of graded coins, and said that it's not such a "Meh" coin. Let's take your first point. Even assuming HALF (which I think is WILDLY too many) of all graded MS64 1928 Peace dollars are resubmissions and/or crossovers, that would still leave 1,750 MS64 OR HIGHER examples, which, BY DEFINITION, is still common.

Secondly, with regards to meh. It seems like the majority of posters to this thread who have made comments about the coin, have stated that it isn't a Monster coin. To me, it's a low end MS64 coin. It's a perfectly acceptable coin (although I wouldn't buy it, as there are thousands of MS63 out there, and I strongly suspect I could find one that looks better than this MS64, and for a lower price). I think what set a lot of us readers off was your comment about Monster coin. Even the SELLER doesn't claim it's a Monster coin. Monster coins are like the US Supreme Court said about porn, you know it when you see one. I've been collecting Peace dollars since the late 1980's. I hope for your sake you do get the pleasure at some point in the future to hold a Monster 1928 Peace dollar in your hand, or see one displayed at a major show. I know you'll enjoy it.

 

It's not all that common if we're talking about paying $900-1000 for it....

 

If I look at the PCGS price guide, in MS64, 1928 is a better date, tied with 1927-D for 4th, behind 24-S, 27-S, and 34-S. If I look at the pops in 64 and higher, it ranks 9th. If I look at the picture of the coin, I see a poorly lit, blurry picture that still manages to bring out vertical hairlines on the obverse and makes me wonder about dark spots. While "low-end" and "pass" come to mind, "monster" definitely does not.